secwatch.observer — SEC 8-K summary
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Issuer:     GridAI Technologies Corp. (GRDX)
CIK:        0001604191
Form:       8-K
Filed at:   2026-07-06T21:23:34+00:00
Accession:  0001104659-26-080831
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GridAI raises ~$8.5M in private placement of common stock and warrants
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- Gross proceeds of ~$8.5M from sale of 664,598 shares, 1,187,325 pre-funded warrants, and 1,851,923 common warrants.
- Combined purchase price per unit (share or pre-funded warrant + common warrant) is $4.59.
- Closing expected July 7, 2026; 5% of proceeds paid at closing, 95% upon SEC effectiveness of resale registration statement.
- Net proceeds to be used for general corporate purposes, including acquisitions, debt repayment, and working capital.
- Common warrants exercisable at $4.47 per share, expire five years after resale registration effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926080831/0001104659-26-080831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604191/000110465926080831/tm2619855d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-080831

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer